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Monday, May 20, 5:09 PM Wausau Paper (WPP) sells its specialty paper business to a new company sponsored by KPS Capital Partners, a New York-based private equity firm with significant experience in the paper industry. The new company will be known as Expera Specialty Solutions. Shares +1% AH. Comment! [On the Move]
Monday, April 29, 5:11 PM Wausau Paper (WPP): Q1 EPS of -$0.04 misses by $0.03. Revenue of $188M misses by $4.6M. (PR) Comment! [Earnings, Breaking News]
Friday, April 26, 6:55 AM WPP (WPP): Q1 Revenue of GBP2.53B (+5.9% Y/Y). Comment! [Earnings]
Thursday, April 18, 5:04 PM Wausau Paper (WPP) declares $0.03/share quarterly dividend, in line with previous. Forward yield 1.20%. For shareholders of record May 01. Payable May 15. Ex-div date Apr. 29. (PR) Comment! [Dividends]
Friday, March 22, 9:07 AM Wausau Paper (WPP) signs a non-binding letter of intent to sell its specialty paper business for ~$130M to a new company to be formed by P-E firm KPS Capital Partners, as WPP restructures to focus on its tissue business. Comment! [Consumer]
Monday, February 11, 12:41 PM Starboard Value blasts the board of Wausau Paper (WPP -0.9%) in a proxy filed with the SEC (14A) over the use of a poison pill and its ongoing pattern of "complacent oversight and reactionary measures" to maintain the status quo. The activist group wants Wausau to either sell its Technical paper business or explore a sale of the entire company. Comment! [Consumer]
Wednesday, January 16, 10:43 AM The saga between Starboard Value and Wausau Paper (WPP) takes another twist as two board members, thought to be loyal to Starboard, side with the rest of the board in backing the decision to review strategic alternatives for one the company's key businesses. If the development is an indication Starboard has lost the support of the pair, then its bid to elect three more nominees to the 8-person board looks quite a bit less threatening. Comment! [Consumer]
Tuesday, January 8, 10:17 AM A standstill agreement between Wausau Paper (WPP +0.5%) and Starboard Value appears to have expired yesterday, according to dealReporter. While an increase in its stake beyond 14.99% is now allowable, what might be even more interesting to Starboard could be a push to grab more seats on the board or float the idea for a sale of the company down the road. Comment! [Consumer]
Thursday, December 13, 2012, 5:19 PM Wausau Paper (WPP) declares $0.03/share quarterly dividend, in line with previous. Forward yield 1.44%. For shareholders of record Feb. 01. Payable Feb. 15. Ex-div date Jan. 30. (PR) Comment! [Dividends]
Monday, November 5, 2012, 2:13 PM Rock-Tenn (RKT -1.4%) is downgraded to Neutral at J.P. Morgan as the most levered stock to potential containerboard price increases among paper and packaging stocks, and the impact of the most recent increase is reflected in the shares. IP -1.8%, KS -0.5%, PKG -0.3%. However, Wausau Paper (WPP +2.4%) is a notable outlier after 10% stakeholder Starboard Value Funds buys 75K shares. Comment! [Consumer, Quick Ideas, On the Move]
Thursday, October 18, 2012, 5:40 PM Wausau Paper (WPP) declares $0.03/share quarterly dividend, in line with previous. Forward yield 1.32%. For shareholders of record Nov 01. Payable Nov 15. Ex-div date Oct 30. (PR) Comment! [Dividends]
Monday, October 1, 2012, 5:14 PM Wausau Paper (WPP) cuts its FY12 earnings view, saying that its paper segment earnings in both Q3 and Q4 will be adversely impacted by lower profit at its Brainerd, Minnesota, facility, as well as slumping demand in its economically sensitive industrial product categories. The company now expects to earn between $0.28 to $0.30 per share on a FY basis, below the $0.39 to $0.41 per share range previously estimated. Shares -2.5% AH. Comment! [Earnings, On the Move]
Thursday, January 12, 2012, 11:42 AM Wausau Paper (WPP +1.7%) trades up after activist hedge fund Starboard Value sent a letter to the company, urging it to expand its strategic review to include a potential sale of its paper segment or the entire company. Comment! [On the Move]
Monday, December 19, 2011, 2:06 PM Wausau Paper (WPP +0.5%) agrees to sell its remaining 80K timberland holdings in northern Wisconsin for $43M. The deal will close before the end of the year, with proceeds to be applied toward reducing financing requirements associated with the company's expansion project in the tissue business. Comment! [On the Move]
Tuesday, July 26, 2011, 1:09 PM Wasau Paper (WPP +15%) is trading higher, largely due to short covering after Q2 earnings marginally beat estimates. The stock's been a poor performer all year, down nearly 30%, and short interest had increased significantly ahead of its earnings report, with over 8 days needed to cover. Comment! [Earnings, On the Move]
Friday, August 29, 2008, 9:15 AM Deutsche Bank downgrades paper-makers International Paper (IP) and Domtar (UFS) to Hold from Buy. Pulp prices, usually a forward indicator for paper, are down on weak demand. Peers: WY, WPP, ABH. Comment!

WPP Wausau Paper Corp.

WPP

Wausau Paper Corp.